According to Foresight News on-site reporting, at the "2025 Hong Kong Web3 Carnival" conference, Financial Secretary of Hong Kong, Chan Mao-po, stated in his keynote speech that Hong Kong is committed to finding an innovative and balanced regulatory approach for Web3. He mentioned that legislation for stablecoins is about to be passed, and relevant compliance licenses will be established for over-the-counter trading and custody businesses. This year, Hong Kong will release its second statement regarding virtual asset development.
Hong Kong Financial Secretary Paul Chan: Hong Kong's stablecoin legislation is about to be passed
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